Closing Bell: Nifty ends below 11,200, Sensex breaks 38K dragged by auto, bank stocks

BSE - 37,877.34 (-433.15 Points Down) -1.13%

NSE - 11,178.40 (-122.05 Points Down) -1.08%

Among the sectors, buying seen in the pharma and metal, while auto and banking indices shed over 2 percent each. Indian shares pared all opening gains to end lower on  Friday dragged by selling in auto stocks, primarily Eicher Motors and Tata Motors. Banks also contributed to the losses including Axis Bank, SBI and ICICI Bank, which fell over 3 percent. Broader indices remained in-line with the benchmarks, ending over a percent lower. 

Selling seen in the auto and banking names in the second half dragged the Nifty and Sensex below the crucial levels of 11,200 and 38,000 respectively.At close, the Sensex was down 433.15 points or 1.13% at 37877.34, and the Nifty was down 122.10 points or 1.08% at 11178.40. About 1085 shares have advanced, 1600 shares declined, and 133 shares are unchanged. Eicher Motors, Tata Motors, M&M, Bajaj Finance and Axis Bank were among major losers on the Nifty, while gainers were JSW Steel, Coal India, Sun Pharma, Cipla and NTPC. Except metal and pharma all other sectoral indices ended in the red. BSE Midcap and Smallcap indices ended 0.5-1 percent lower.